With Moody's issuing a blanket downgrade for the Spanish banking sector , JP Morgan looking at a potential $5 billion in trading losses, and the MSCI European Financials ETF close to a 52-week low (again), emerging market investors might be leery of approaching any stocks in the real estate construction sector.
That would be a mistake. Companies that have survived the Great Recession are most likely here to stay. In addition, businesses focusing on emerging market real estate will not suffer as much from euro zone travails as EUFN, for example...............................................Full Article: Source